Third Party Risk Manager
Acrisure
full-time
Posted on:
Location Type: Office
Location: Grand Rapids • Illinois, Massachusetts, Missouri, New York, Texas • 🇺🇸 United States
Visit company websiteSalary
💰 $112,000 - $151,000 per year
Job Level
SeniorLead
About the role
- Design and implement a best-in-class third-party risk management framework, including vendor identification, evaluation and selection, risk assessment, risk decision, contracting and procurement, and reporting and record-keeping.
- Own the third-party lifecycle process, including onboarding, risk tiering, contract reviews, ongoing monitoring, and exit strategies.
- Partnering with ‘first line’ teams to provide guidance and oversight in the assessment of third parties, including new and existing third-party relationships, by embedding good risk practices and finding solutions to problems, identifying risks and recommending controls.
- Playing a key role in the management of third-party related risk incidents and issues that occur.
- Supporting the development and implementation of a third-party risk policy, standards, procedures, training materials, key risk indicators, key performance indicators and appetite statements.
- Conducting in-depth reviews of different areas of the business and reporting on third-party risk matters to oversight committees, internal stakeholders and external stakeholders.
- Analyze the business processes to evaluate the effectiveness of the relevant third-party controls.
- Lead and document due diligence processes (e.g., questionnaires, risk reviews).
- Promote development of educational guidance & resources.
- Ensure quality standards are achieved in development and maintenance of program documentation.
- Collaborate with legal and compliance teams to address regulatory requirements.
- Act as a liaison with regulatory bodies, auditors, and other external stakeholders regarding risk management practices and compliance matters.
- Identify, track, and escalate vendor-related incidents or issues; manage risk remediation plans.
Requirements
- Minimum of 7-10 years of experience in third party risk management, vendor governance, or enterprise risk
- Bachelor's or advanced degree in a relevant field (e.g., Risk Management, Business Administration).
- Working knowledge of commercial insurance, preferred
- Strong knowledge of relevant regulations and industry standards.
- Excellent leadership and team management skills.
- Effective communication and interpersonal skills.
- Ability to build dashboards, executive reports, and board-level summaries.
- Comfortable presenting KRI/KPIs, risk heatmaps, and issue trends.
- Proficiency in Microsoft Office applications (Word, Excel, PowerPoint, Outlook)
- Experience with third-party assessment platforms (i.e. OneTrust, AuditBoard, etc.)
- GRC implementation experience.
Benefits
- Competitive compensation
- Generous vacation policy
- paid holidays, and paid sick time
- Medical Insurance, Dental Insurance, and Vision Insurance (employee-paid)
- Company-paid Short-Term and Long-Term Disability Insurance
- Company-paid Group Life insurance
- Company-paid Employee Assistance Program (EAP) and Calm App subscription
- Employee-paid Pet Insurance and optional supplemental insurance coverage
- Vested 401(k) with company match and financial wellness programs
- Flexible Spending Account (FSA), Health Savings Account (HSA) and commuter benefits options
- Paid maternity leave, paid paternity leave, and fertility benefits
- Career growth and learning opportunities
- …and so much more!
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
third-party risk managementvendor governanceenterprise riskcommercial insurancerisk assessmentcontract reviewsdue diligence processesKRIKPIGRC implementation
Soft skills
leadershipteam managementcommunicationinterpersonal skillsproblem-solvingcollaborationguidanceoversightreportingeducational resource development